American Realty Advisors bought a 332-unit apartment complex in North Carolina for $45 million, the company said Monday.

The Glendale-based firm purchased the Cary, N.C. building from Raleigh-based real estate investment trust Highwoods Properties.

American Realty Advisors has more than $4 billion in nationwide assets including office, industrial, multi-family, and retail properties.

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